ADAM Manon: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
ADAM Manon
Largest movements
- Cash +€13,798
up €13,798 (+335%), from €4,124 to €17,922
mainly Net result for the year (+€13,891) and Depreciation (+€2,202)
- Tangible fixed assets +€2,033
up €2,033 (+17.3%), from €11,750 to €13,783
- Profit (loss) carried forward +€13,891
up €13,891, from -€105 to €13,786
- Tax, wage and social debts +€1,321
up €1,321 (+76.6%), from €1,724 to €3,044
of which Taxes: +€1,321
- Other debts +€667
up €667 (+7.1%), from €9,333 to €9,999
- Gross operating margin +€26,732
up €26,732, from -€8,037 to €18,696
- Taxes +€1,135
up €1,135 (+351%), from €324 to €1,459
- Other operating charges -€976
down €976 (-75.0%), from €1,302 to €325
- Depreciation +€536
up €536 (+32.2%), from €1,666 to €2,202
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €16,254 | €32,097 | +€15,843 | +97.5% |
| Fixed assets | 21/28 | €11,804 | €13,837 | +€2,033 | +17.2% |
| Tangible fixed assets | 22/27 | €11,750 | €13,783 | +€2,033 | +17.3% |
| Plant, machinery and equipment | 23 | €11,750 | €13,783 | +€2,033 | +17.3% |
| Financial fixed assets | 28 | €54 | €54 | = | 0.0% |
| Current assets | 29/58 | €4,451 | €18,260 | +€13,810 | +310% |
| Amounts receivable within one year | 40/41 | €286 | €0 | -€286 | -100% |
| Trade receivables | 40 | €286 | €0 | -€286 | -100% |
| Cash at bank and in hand | 54/58 | €4,124 | €17,922 | +€13,798 | +335% |
| Deferred charges and accrued income | 490/1 | €41 | €338 | +€297 | +729% |
| Total equity and liabilities | 10/49 | €16,254 | €32,097 | +€15,843 | +97.5% |
| Equity | 10/15 | €2,395 | €16,286 | +€13,891 | +580% |
| Contributions | 10/11 | €2,500 | €2,500 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€105 | €13,786 | +€13,891 | |
| Amounts payable | 17/49 | €13,859 | €15,811 | +€1,952 | +14.1% |
| Amounts payable within one year | 42/48 | €13,684 | €15,636 | +€1,952 | +14.3% |
| Trade debts | 44 | €2,628 | €2,592 | -€35 | -1.4% |
| Suppliers | 440/4 | €2,628 | €2,592 | -€35 | -1.4% |
| Taxes, remuneration and social security | 45 | €1,724 | €3,044 | +€1,321 | +76.6% |
| Taxes | 450/3 | €324 | €1,644 | +€1,321 | +408% |
| Remuneration and social security | 454/9 | €1,400 | €1,400 | = | 0.0% |
| Other amounts payable | 47/48 | €9,333 | €9,999 | +€667 | +7.1% |
| Accrued charges and deferred income | 492/3 | €175 | €175 | = | 0.0% |
| Non-recurring operating income | 76A | - | €6 | +€6 | |
| Remuneration, social security and pensions | 62 | - | €6 | +€6 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €1,666 | €2,202 | +€536 | +32.2% |
| Other operating charges | 640/8 | €1,302 | €325 | -€976 | -75.0% |
| Non-recurring operating charges | 66A | €1 | €297 | +€296 | +29,613% |
| Gross operating margin | 9900 | -€8,037 | €18,696 | +€26,732 | |
| Operating profit (loss) | 9901 | -€11,005 | €15,865 | +€26,870 | |
| Financial charges | 65/66B | €510 | €515 | +€6 | +1.1% |
| Recurring financial charges | 65 | €510 | €515 | +€6 | +1.1% |
| Profit (loss) for the period before taxes | 9903 | -€11,515 | €15,350 | +€26,865 | |
| Income taxes | 67/77 | €324 | €1,459 | +€1,135 | +351% |
| Profit (loss) for the period | 9904 | -€11,839 | €13,891 | +€25,729 | |
| Profit (loss) for the period to be appropriated | 9905 | -€11,839 | €13,891 | +€25,729 |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 29 October 2026 via checked.be.